In the week ending 31 January, 2014, Preqin said that majority of investors believed hedge funds exceeded performance expectations in 2013; it added that Asia Pacific hedge funds were the top performers last year; Citi Prime Finance said composite hedge fund performance, equal-weighted across funds, rose between+0.56% and +1.1% in December 2013; Blackstone Group posted record fourth-quarter earnings as income more than doubled to $1.54bn from $670m a year earlier; CSV China Opportunities Fund reported strong performance in four years with 64% returns; Topni’s Asia Pacific long/short equity fund returned 15% in first three years since its launch in 2010; Gottex Fund’s portable alpha equity strategy gained 39% in 2013; and Deepak Narula’s flagship Mortgage Opportunities Fund ended 2013 up 0.53%.

Carrhae Capital said it was planning to launch a long-only fund next month;
Lotus Peak said it would launch a fund of hedge funds riding on......................